Also, he [Jason Les] believes, and I wholeheartedly agree, that corporate governance changes are needed at Bitfarms ASAP.
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More change is needed to fix Bitfarms' broken corporate governance and enhance value for all shareholders.
The incumbent Board has lost credibility and should not be trusted to set and guide the Company’s priorities moving forward.
Riot has requisitioned a Special Meeting to allow Bitfarms shareholders the chance to elect two highly qualified, independent director candidates to the Bitfarms Board. These individuals would constitute a minority of the Board and would make repairing Bitfarms’ broken corporate governance and maximizing value for all Bitfarms shareholders their top priorities.
INVESTOR CONTACTS
Phil McPherson
303-794-2000 ext. 110
IR@Riot.Inc
Okapi Partners
Bruce Goldfarb / Chuck Garske
(877) 285-5990
info@okapipartners.com
Shorecrest Group
1-888-637-5789 (North American Toll-Free)
contact@shorecrestgroup.com
MEDIA CONTACT
Longacre Square Partners
Joe Germani / Dan Zacchei
jgermani@longacresquare.com / dzacchei@longacresquare.com
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Also, he [Jason Les] believes, and I wholeheartedly agree, that corporate governance changes are needed at Bitfarms ASAP.
Bitfarms recently had an abrupt CEO change, with governance questions raised by the terminated CEO against the company founders. Bitfarms share price is down 48% in last 3 months, been flattish since the CEO termination in May.
BITF has also struggled from a corporate governance perspective as its previous CEO’s exit was accelerated into a termination, with the CEO then bringing a ~$27M breach of contract lawsuit against BITF.